Principle Circle

Bengaluru, India Founded: 2018 • Age: 8 yrs Listed
Offers management consulting and innovative products in education and entertainment sectors.

About Principle Circle

Principle Circle is a publicly listed company based in Bengaluru (India) founded in 2018 by Praveen Kumar and G S Raju. It offers management consulting and innovative products in education and entertainment sectors. It operates on a B2B and D2C model in Business Services and Education sectors. Its chief executive, as recorded, is G S Raju. Its Indian entity India Glycols Limited reported revenue of ₹4,263 Cr. Principle Circle offers products and services including ETOE, 24 Crafts, and Management Consulting Services. Its focus areas include Professional Services, Management Consulting, Business Advisory and Performance Improvement. Similar companies include TeamLease, Cyient and Able Jobs; 2 of its 3 listed similar companies have raised funding.

Company details

Principle Circle, incorporated in 2018 in Bangalore, India, focuses on management consulting to improve business performance and develops innovative tech solutions. It operates in education through ETOE, a platform for students, colleges, and industries, and in media via 24 Crafts using AI and blockchain. The company emphasizes problem-solving and growth strategies, serving businesses and educational entities with a commitment to innovation and efficiency.

  • Headquarters Bengaluru, India
  • Founders Praveen Kumar, G S Raju
  • Stage Public
  • Sectors
    Business Services
    Education
  • Website principlecircle.com
  • Legal Name Principle Circle Innovations Llp
  • Date of Incorporation 19 Nov, 1983
  • Jurisdiction Udham Singh Nagar, Uttarakhand, India
Key Metrics
  • Market Cap
    ₹2,223 Cr

    INDIAGLYCO · NSE

  • Share Price
    ₹325.35

    -1.91% today

  • Revenue
    ₹4,211 Cr

    FY 2025-26 · +11.8% YoY

  • EBITDA
    ₹648 Cr

    Margin 15.4%

  • Net Profit
    ₹292 Cr

    FY 2025-26 · +27.2% YoY

  • P/E (TTM)
    7.0x

    P/B 0.8x

  • ROE
    11.3%

    ROCE 12.2%

  • Debt / Equity
    0.69

    Interest cover 33.9x

Products & Services of Principle Circle

Principle Circle offers a comprehensive portfolio of products and services, including ETOE, 24 Crafts, and Management Consulting Services.

ETOE
EdTech Platform

Provides a one-stop solution for students, colleges, and industries needs.

24 Crafts
Media Platform

Revolutionizes media and entertainment using AI and blockchain technology.

Management Consulting Services
Business Advisory

Helps businesses enhance performance and solve operational challenges.

Board of directors of India Glycols Limited (Principle Circle)

India Glycols Limited is the primary company behind Principle Circle. The board of India Glycols Limited currently have 8 directors; the longest-serving is Uma Shankar Bhartia, appointed in 1996. 17 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Uma Shankar Bhartia
DIN 00063091
Managing Director29 Nov 199629 yrs 11 moIndia Glycols Limited
Jayshree Bhartia
DIN 00063018
Director28 May 199927 yrs 5 moIndia Glycols Limited
Shukla Wassan
DIN 02770898
Director01 Apr 20206 yrs 7 moIndia Glycols Limited
Pragya Bhartia Barwale
DIN 02109262
Director24 Jun 20206 yrs 4 moIndia Glycols Limited
Alok Singhal
DIN 10359043
Whole-time director01 Dec 20232 yrs 11 moIndia Glycols Limited
Ravi Kumar
DIN 02362615
Director02 Feb 20242 yrs 8 moIndia Glycols Limited
Samrat Banerjee
DIN 06706345
Director01 Oct 20242 yrs 1 moIndia Glycols Limited
Sushil Dutt Salwan
DIN 10776621
Director01 Oct 20242 yrs 1 moIndia Glycols Limited

People of Principle Circle

2 people are tracked at Principle Circle (2 in leadership).

NameRoleGroup
Praveen Kumar
Co-Founder, CPOLeadership
G S Raju
Co-Founder, CEOLeadership
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IPO & Listings of Principle Circle

Principle Circle is a publicly listed company on the NSE with ticker symbol INDIAGLYCO in India, operating in the Alcoholic Beverages sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: INDIAGLYCO
  • Listed entityIndia Glycols Limited
  • Exchange sectorAlcoholic Beverages

Financials of Principle Circle

Exchange-reported figures of India Glycols Limited, the listed company behind Principle Circle (NSE: INDIAGLYCO).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,211 Cr
+11.8% YoY
EBITDA
₹648 Cr
+26.9% YoY
Profit After Tax
₹292 Cr
+27.2% YoY
Net Worth
₹2,933 Cr
+30.0% YoY
Total Assets
₹4,694 Cr
+11.8% YoY
Total Debt
₹1,691 Cr
-10.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,2113,7683,2942,6512,8682,3172,735
Revenue growth+11.8%+14.4%+24.3%-7.6%+23.8%-15.3%-
EBITDA648511402296(173)268278
EBITDA margin+15.4%+13.6%+12.2%+11.2%-6.0%+11.6%+10.2%
Profit before tax377292223165379143153
Net profit292230179108164153130
Net profit margin+6.9%+6.1%+5.4%+4.1%+5.7%+6.6%+4.8%
EPS (₹)43.6874.5855.8740.40109.7742.5137.03
Balance sheet
Total assets4,6944,1973,4473,1823,0502,6502,361
Net worth2,9332,2562,0511,9011,7971,1691,034
Total debt1,6911,8921,3481,1121,0421,137999
Cash & bank49.8377.4413811310297.5491.71
Net working capital174280173328365215189
Cash flow
Cash from operations769362439326116137343
Cash from investing(767)(736)(503)(330)76.45(148)(151)
Cash from financing22.5435489.91(0.51)(189)10.75(216)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1309761,1021,0921,040863975961
Revenue growth (YoY)+8.6%+13.1%+13.0%+13.6%+7.4%---
Other income20.9813.604.0013.7320.0212.9719.3015.16
EBITDA170166175158150146124116
EBITDA margin+15.0%+17.1%+15.8%+14.4%+14.4%+16.9%+12.7%+12.0%
Depreciation42.4841.2341.2238.4834.4532.5927.4727.57
Interest25.1826.4146.8149.2844.6844.5344.0739.91
Profit before tax12311290.6183.6190.5381.7971.4263.46
Tax26.0525.5823.0418.5517.2817.7714.6113.75
Net profit96.8386.8867.5765.0673.2564.0256.8149.71
EPS (₹)14.4513.6410.7910.5123.6620.6818.3516.06
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,2113,7673,2912,6502,8632,2802,714
Revenue growth+11.8%+14.5%+24.2%-7.4%+25.6%-16.0%-
EBITDA646507398252232258278
EBITDA margin+15.3%+13.5%+12.1%+9.5%+8.1%+11.3%+10.2%
Profit before tax367242202123352143166
Net profit28217914911212384.34128
Net profit margin+6.7%+4.8%+4.5%+4.2%+4.3%+3.7%+4.7%
EPS (₹)42.1258.2649.0031.8992.1827.2341.43
Balance sheet
Total assets4,2993,8123,1122,8682,7122,6532,413
Net worth2,5371,8711,7161,5881,5121,2451,158
Total debt1,6911,8921,3481,1129691,064928
Cash & bank49.0377.1113811310197.1583.88
Net working capital167276173332424286266
Cash flow
Cash from operations769362438326114142344
Cash from investing(767)(736)(503)(330)76.80(157)(156)
Cash from financing22.5435489.93(0.42)(188)15.90(212)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1299781,1021,0911,040863975961
Revenue growth (YoY)+8.5%+13.4%+13.1%+13.5%+7.4%---
Other income0.3839.200.742.171.401.595.824.34
Total expenses959814927932893719851845
EBITDA170164176158148144124116
EBITDA margin+15.1%+16.8%+15.9%+14.5%+14.2%+16.7%+12.7%+12.1%
Depreciation42.4841.2341.2238.4834.4532.5927.4627.58
Interest25.1826.4146.8149.2844.6844.5344.0739.91
Profit before tax10313688.3072.4970.1368.1258.4553.20
Tax26.0525.5023.0418.5517.2817.7714.6113.75

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1309761,1021,0921,040863975961
Revenue growth (YoY)+8.6%+13.1%+13.0%+13.6%+7.4%---
Other income20.9813.604.0013.7320.0212.9719.3015.16
EBITDA170166175158150146124116
EBITDA margin+15.0%+17.1%+15.8%+14.4%+14.4%+16.9%+12.7%+12.0%
Depreciation42.4841.2341.2238.4834.4532.5927.4727.57
Interest25.1826.4146.8149.2844.6844.5344.0739.91
Profit before tax12311290.6183.6190.5381.7971.4263.46
Tax26.0525.5823.0418.5517.2817.7714.6113.75
Net profit96.8386.8867.5765.0673.2564.0256.8149.71
EPS (₹)14.4513.6410.7910.5123.6620.6818.3516.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,2113,7683,2942,6512,8682,3172,735
Revenue growth+11.8%+14.4%+24.3%-7.6%+23.8%-15.3%-
Other income51.3560.9542.3963.4070238.3948.57
Total expenses3,5633,2572,8922,3553,0412,0492,457
Employee cost13312310388.8089.1683.3393.28
EBITDA648511402296(173)268278
EBITDA margin+15.4%+13.6%+12.2%+11.2%-6.0%+11.6%+10.2%
Depreciation15511510193.9680.2980.1277.53
Interest16716412199.9669.6683.3896.90
Profit before tax377292223165379143153
Tax84.4561.4050.3223.9639.4311.2837.87
Net profit292230179108164153130
Net profit margin+6.9%+6.1%+5.4%+4.1%+5.7%+6.6%+4.8%
EPS (₹)43.6874.5855.8740.40109.7742.5137.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital33.5130.9630.9630.9635.8630.9630.96
Reserves & surplus2,8992,2252,0201,8701,7611,1381,003
Shareholders' funds (net worth)2,9332,2562,0511,9011,7971,1691,034
Minority interest0.000.000.000.00(19.48)0.000.00
Secured loans1,5291,7331,2461,008884986862
Unsecured loans162159102104158150137
Total debt1,6911,8921,3481,1121,0421,137999
Total liabilities4,6944,1973,4473,1823,0502,6502,361
Assets
Gross block5,3624,4823,7463,1582,7272,5812,594
Net block4,5543,8293,2052,7172,3182,1932,228
Capital work in progress36.7098.3983.55125243126172
Investments38938133531833627.0726.35
Inventories8911,1711,106754693610682
Sundry debtors351365384430399362569
Cash & bank balances49.8377.4413811310297.5491.71
Loans & advances206203316349414259252
Total current assets1,4981,8161,9451,6461,6071,3281,595
Total current liabilities1,3241,5371,7721,3181,2421,1121,406
Net working capital174280173328365215189
Total assets4,6944,1973,4473,1823,0502,6502,361
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.8426.961.977.053.393.6526.96
Net cash from operating activities769362439326116137343
Net cash from investing activities(767)(736)(503)(330)76.45(148)(151)
Net cash from financing activities22.5435489.91(0.51)(189)10.75(216)
Net change in cash25.03(20.12)24.98(5.07)3.66(0.26)(23.32)
Closing cash49.8377.4413811310297.5491.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.8%+14.4%+24.3%-7.6%+23.8%-15.3%-
EBITDA growth+26.9%+27.0%+36.2%+270.8%-164.6%-3.7%-
PBT growth+29.0%+30.9%+35.3%-56.5%+165.4%-6.3%-28.4%
Net income growth+27.2%+28.1%+66.6%-34.5%+7.3%+17.6%-
Revenue CAGR (3Y)+16.7%+9.5%+12.4%-1.0%-5.1%-8.6%+3.1%
EBITDA CAGR (3Y)+29.9%-+14.5%+2.0%--6.0%+5.6%
Profitability & leverage
Net income margin+7.0%+6.1%+5.3%+5.3%+11.9%+5.7%+4.2%
Return on capital employed+12.3%+12.0%+10.4%+7.8%+8.1%+9.0%+11.6%
Return on net worth+11.3%+10.7%+8.8%+6.7%+11.1%+12.0%+13.0%
Debt / equity0.690.750.620.580.730.971.00
Long-term debt / equity0.410.430.330.300.350.430.41
Interest cover33.9141.5340.0149.59-27.5044.3848.24
Efficiency & per share
Fixed asset turnover2.002.202.292.262.492.102.07
Inventory turnover9.537.948.529.1810.138.407.85
Debtors turnover27.4324.1319.4516.0217.3611.6711.71
EPS (₹)43.6874.5855.8740.40109.7742.5137.03
Dividend per share (₹)7.5010.008.007.507.506.006.00
Book value per share (₹)437.55728.61662.44614.12578.75377.41333.92
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1299781,1021,0911,040863975961
Revenue growth (YoY)+8.5%+13.4%+13.1%+13.5%+7.4%---
Other income0.3839.200.742.171.401.595.824.34
Total expenses959814927932893719851845
EBITDA170164176158148144124116
EBITDA margin+15.1%+16.8%+15.9%+14.5%+14.2%+16.7%+12.7%+12.1%
Depreciation42.4841.2341.2238.4834.4532.5927.4627.58
Interest25.1826.4146.8149.2844.6844.5344.0739.91
Profit before tax10313688.3072.4970.1368.1258.4553.20
Tax26.0525.5023.0418.5517.2817.7714.6113.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,2113,7673,2912,6502,8632,2802,714
Revenue growth+11.8%+14.5%+24.2%-7.4%+25.6%-16.0%-
Other income43.5114.5525.7355.7225834.4951.99
Total expenses3,5653,2602,8932,3982,6322,0222,436
Employee cost13112110287.1387.5981.6991.39
EBITDA646507398252232258278
EBITDA margin+15.3%+13.5%+12.1%+9.5%+8.1%+11.3%+10.2%
Depreciation15511510189.6575.9875.8173.20
Interest16716412195.1962.1773.4590.24
Profit before tax367242202123352143166
Tax84.3761.4050.3223.9666.2658.4337.87
Net profit28217914911212384.34128
Net profit margin+6.7%+4.8%+4.5%+4.2%+4.3%+3.7%+4.7%
EPS (₹)42.1258.2649.0031.8992.1827.2341.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital33.5130.9630.9630.9630.9630.9630.96
Reserves & surplus2,5041,8401,6851,5571,4811,2141,127
Shareholders' funds (net worth)2,5371,8711,7161,5881,5121,2451,158
Secured loans1,5291,7331,1961,008884986862
Unsecured loans16215915210484.7477.5366.14
Total debt1,6911,8921,3481,1129691,064928
Total liabilities4,2993,8123,1122,8682,7122,6532,413
Assets
Gross block5,3664,4863,7503,1622,6112,4652,477
Net block4,5543,8293,2052,7172,2322,1022,134
Capital work in progress36.7098.3983.55125237119163
Investments0.040.040.031.5728.6228.6128.59
Inventories8881,1691,104753689606679
Sundry debtors353366389436402365574
Cash & bank balances49.0377.1113811310197.1583.88
Loans & advances200200313346451312301
Total current assets1,4901,8121,9441,6481,6441,3791,638
Total current liabilities1,3221,5361,7711,3171,2201,0941,372
Net working capital167276173332424286266
Total assets4,2993,8123,1122,8682,7122,6532,413
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.5126.751.816.643.002.7626.53
Net cash from operating activities769362438326114142344
Net cash from investing activities(767)(736)(503)(330)76.80(157)(156)
Net cash from financing activities22.5435489.93(0.42)(188)15.90(212)
Net change in cash24.55(20.24)24.94(4.83)3.640.24(23.77)
Closing cash49.0377.1113811310197.1583.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.8%+14.5%+24.2%-7.4%+25.6%-16.0%-
EBITDA growth+27.4%+27.4%+58.0%+8.7%-10.0%-7.2%-
PBT growth+51.7%+19.7%+64.7%-65.1%+146.4%-14.1%-27.4%
Net income growth+57.3%+20.5%+33.2%-8.9%+45.3%-34.2%-
Revenue CAGR (3Y)+16.7%+9.6%+13.0%-0.8%-5.2%-9.0%+3.1%
EBITDA CAGR (3Y)+36.9%+29.8%+15.6%-3.2%-18.0%-7.5%+5.5%
Profitability & leverage
Net income margin+6.7%+4.8%+4.6%+3.7%+10.0%+3.7%+4.7%
Return on capital employed+13.2%+11.7%+10.8%+8.4%+7.6%+7.7%+10.6%
Return on net worth+12.8%+10.1%+9.2%+7.2%+8.9%+7.0%+11.5%
Debt / equity0.810.900.740.670.740.830.83
Long-term debt / equity0.480.500.350.300.330.340.33
Interest cover34.0941.9740.6358.7039.9440.4344.15
Efficiency & per share
Fixed asset turnover1.992.192.292.302.602.182.16
Inventory turnover9.557.958.539.2110.198.397.86
Debtors turnover27.3423.9319.1815.8417.2011.4811.50
EPS (₹)42.1258.2649.0031.8992.1827.2341.43
Dividend per share (₹)7.5010.008.007.507.506.006.00
Book value per share (₹)378.57604.31554.33512.77488.27402.12373.94

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Related news about Principle Circle

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Frequently Asked Questions about Principle Circle

Principle Circle was founded in 2018.

Principle Circle is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

G S Raju is the CEO of Principle Circle, as recorded in our data. They have also founded this company.

The primary company behind Principle Circle, India Glycols Limited, reported revenue of ₹4,263 Cr for FY 2026, up 12% year on year.

Principle Circle, incorporated in 2018 in Bangalore, India, focuses on management consulting to improve business performance and develops innovative tech solutions. It operates in education through ETOE, a platform for students, colleges, and industries, and in media via 24 Crafts using AI and blockchain. The company emphasizes problem-solving and growth strategies, serving businesses and educational entities with a commitment to innovation and efficiency.

Principle Circle's top competitors include TeamLease, Cyient and Able Jobs.

Principle Circle offers ETOE, 24 Crafts, and Management Consulting Services.

Yes, Principle Circle is publicly traded on NSE under the ticker symbol INDIAGLYCO.

Principle Circle operates through India Glycols Limited.

The legal entities of Principle Circle currently have 11 directors, including Uma Shankar Bhartia, Pragya Bhartia Barwale, Rupark Chandi Sarswat and others.

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